CCL options flow: unusual options activity in Carnival Corp. Ltd.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 48 unusual options prints in Carnival Corp. Ltd. (CCL), $4.1M of tracked premium, leaning firmly bullish. Bullish premium was $2.9M against $858K bearish; $1.2M went into calls and $2.9M into puts, a put call ratio of 2.54. The largest print was $830K of CCL 16 Oct 2026 $21.50 puts on 23 September 2026, executed at bid. The last session with prints, 28 September 2026, added 1 print and $27K of premium. CCL closed at $22.25 on 25 September 2026, up 2.1%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | CCL 16 Oct 2026 $21.50 puts | Trade | 10,000 | 3 | $830K | At bid | Bullish | High conviction |
| 23 Sep 2026 | CCL 17 Sep 2027 $18 puts | Trade | 2,500 | 7,676 | $485K | At bid | Bullish | Notable |
| 22 Sep 2026 | CCL 17 Sep 2027 $18 puts | Trade | 2,500 | 5,196 | $438K | At bid | Bullish | |
| 23 Sep 2026 | CCL 18 Dec 2026 $20 puts | Trade | 2,700 | 12,668 | $305K | At midpoint | Neutral | |
| 25 Sep 2026 | CCL 16 Apr 2027 $18 puts | Trade | 2,200 | 158 | $264K | At bid | Bullish | Notable |
| 25 Sep 2026 | CCL 30 Oct 2026 $30 puts | Trade | 100 | 0 | $80K | At ask | Bearish | Notable |
| 22 Sep 2026 | CCL 18 Dec 2026 $23 puts | Sweep | 435 | 6,282 | $79K | Below bid | Bullish | Notable |
| 23 Sep 2026 | CCL 18 Dec 2026 $10 calls | Sweep | 65 | 317 | $76K | At bid | Bearish | Notable |
| 25 Sep 2026 | CCL 30 Oct 2026 $30 puts | Sweep | 100 | 0 | $75K | At bid | Bullish | Notable |
| 24 Sep 2026 | CCL 25 Sep 2026 $22 calls | Sweep | 1,915 | 1,914 | $69K | At bid | Bearish | High conviction |
| 24 Sep 2026 | CCL 15 Jan 2027 $21 calls | Trade | 250 | 92 | $68K | At bid | Bearish | Notable |
| 24 Sep 2026 | CCL 21 Jan 2028 $18 calls | Trade | 100 | 582 | $64K | At bid | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 5 | $977K | 15% | +$930K |
| 17 Sep 2027 | 3 | $949K | 0% | +$896K |
| 18 Dec 2026 | 7 | $630K | 39% | +$68K |
| 16 Apr 2027 | 2 | $296K | 11% | +$232K |
| 25 Sep 2026 | 6 | $226K | 60% | -$135K |
| 21 Jan 2028 | 5 | $218K | 100% | +$89K |
The most premium, $977K, is aimed at the 16 Oct 2026 expiry; the nearest expiry with unusual prints is 25 Sep 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | CCL 2 Oct 2026 $22 puts | Trade | 260 | 5,771 | $27K | At ask | Bearish |
Every print in CCL with its full detail, the live tape, one tap filters and saved screeners: open CCL in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open CCL in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 15 firms, have a median of $35, 57.3% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Carnival Corp. Ltd.
- Exchange
- NYSE
- Sector
- Consumer Discretionary
- Industry
- Transportation
- Headquarters
- Miami, Florida
- Website
- carnivalcorp.com
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Cunard brand names. The company operates in the United States, Canada, Continental Europe, Australia, New Zealand, Asia, and internationally.
In the same sector
Flow pages for other Consumer Discretionary names in the S&P 500:
AMZN Amazon Com Inc.TSLA Tesla, Inc.HD Home Depot, Inc.MCD McDonalds Corp.TJX TJX Companies Inc.BKNG Booking Holdings Inc.SBUX Starbucks Corp.LOW Lowes Companies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for CCL with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open CCL in Options Sentiment Screener